For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Zumiez (ZUMZ - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.
Zumiez is one of 214 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ZUMZ is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ZUMZ's full-year earnings has moved 3.47% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ZUMZ has moved about 39.02% on a year-to-date basis. At the same time, Retail-Wholesale stocks have gained an average of 18.59%. This means that Zumiez is outperforming the sector as a whole this year.
Looking more specifically, ZUMZ belongs to the Retail - Apparel and Shoes industry, which includes 33 individual stocks and currently sits at #59 in the Zacks Industry Rank. On average, stocks in this group have gained 7.03% this year, meaning that ZUMZ is performing better in terms of year-to-date returns.
ZUMZ will likely be looking to continue its solid performance, so investors interested Retail-Wholesale stocks should continue to pay close attention to the company.